BRG Borregaard

Borregaard ASA: Repurchase of own shares

Borregaard ASA: Repurchase of own shares

10.03.2020: Borregaard ASA (”Borregaard”, OSE ticker: BRG)

Reference is made to the stock exchange notice of 28 February 2020 where Borregaard announced the intent to repurchase up to 300,000 of its outstanding common stock.

Borregaard has today purchased 22,924 own shares through broker at an average price of NOK 97.46 per share.

After this transaction Borregaard holds a total of 263,097 own shares, representing 0.26% of total shares outstanding.

Contact:

Lotte Kvinlaug, Investor Relations Officer,

This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act. 

EN
10/03/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Borregaard

Niclas Gehin
  • Niclas Gehin

Borregaard (Buy, TP: NOK230.00) - Agricultural products boost Q1 EPS

The solid Q1 results included a 6% EBITDA beat, led by record-high sales and profits from growing agricultural product sales – management said the underlying trend was driven by demand for ‘green’ food production products. Our 2026–2027e EPS are largely unchanged (tweaked by c1%) as the USD depreciation and lowered bioethanol price guidance largely offset the higher agricultural product sales. We still see this as an attractive entry point, and reiterate our BUY and NOK230 target price.

ABGSC Pulp & Paper Research ... (+3)
  • ABGSC Pulp & Paper Research
  • Henrik Bartnes
  • Martin Melbye
ABGSC Pulp & Paper Research ... (+3)
  • ABGSC Pulp & Paper Research
  • Ali Shemmari
  • Martin Melbye

ResearchPool Subscriptions

Get the most out of your insights

Get in touch